Coca Cola Correlations

KO Stock

USD 73.18 1.85 2.59%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coca Cola moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Coca Cola moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Coca Cola Correlation With Market

Average diversification

The correlation between The Coca Cola and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Coca Cola and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Coca Cola. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Coca Stock

0.83	KDP	Keurig Dr Pepper Aggressive Push	Pair Corr
0.94	KOF	Coca Cola Femsa	Pair Corr
0.64	MNST	Monster Beverage Corp	Pair Corr
0.95	CCEP	Coca Cola European	Pair Corr
0.92	K	Kellanova	Pair Corr
0.8	BJ	BJs Wholesale Club Buyout Trend	Pair Corr
0.68	DG	Dollar General Buyout Trend	Pair Corr
0.84	KR	Kroger Company Buyout Trend	Pair Corr
0.86	MO	Altria Group	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.96	PM	Philip Morris Intern Buyout Trend	Pair Corr
0.83	DOLE	Dole PLC	Pair Corr
0.68	BRLSW	Borealis Foods	Pair Corr

Moving against Coca Stock

0.87	ZVIA	Zevia Pbc	Pair Corr
0.87	LW	Lamb Weston Holdings Buyout Trend	Pair Corr
0.74	STKL	SunOpta	Pair Corr
0.7	GO	Grocery Outlet Holding	Pair Corr
0.69	FIZZ	National Beverage Corp	Pair Corr
0.64	FC	Franklin Covey	Pair Corr
0.55	EL	Estee Lauder Companies	Pair Corr
0.43	BG	Bunge Limited	Pair Corr
0.33	COCO	Vita Coco	Pair Corr
0.86	VITL	Vital Farms	Pair Corr
0.84	DTCK	Davis Commodities	Pair Corr
0.83	EDBL	Edible Garden AG	Pair Corr
0.83	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.76	FAMI	Farmmi Inc	Pair Corr
0.66	CLX	Clorox	Pair Corr
0.59	AVO	Mission Produce	Pair Corr
0.55	ADM	Archer Daniels Midland	Pair Corr
0.5	AQB	AquaBounty Technologies	Pair Corr

Related Correlations Analysis

	TCHH	MLHC	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
TCHH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCHH
MLHC	0.0		-0.53	0.81	0.77	0.51	0.8	0.0	-0.39	0.34	MLHC
AQUI	0.0	-0.53		-0.44	-0.46	-0.83	-0.32	0.0	0.53	-0.72	AQUI
MSTSX	0.0	0.81	-0.44		0.75	0.28	0.97	0.0	-0.18	0.18	MSTSX
LBHIX	0.0	0.77	-0.46	0.75		0.34	0.78	0.0	-0.11	0.1	LBHIX
VIASP	0.0	0.51	-0.83	0.28	0.34		0.2	0.0	-0.71	0.82	VIASP
RRTLX	0.0	0.8	-0.32	0.97	0.78	0.2		0.0	-0.15	0.1	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OSHDF
70082LAB3	0.0	-0.39	0.53	-0.18	-0.11	-0.71	-0.15	0.0		-0.78	70082LAB3
SITKF	0.0	0.34	-0.72	0.18	0.1	0.82	0.1	0.0	-0.78		SITKF
	TCHH	MLHC	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RRTLX	+ 0.97	MSTSX
SITKF	+ 0.82	VIASP
MSTSX	+ 0.81	MLHC
RRTLX	+ 0.8	MLHC
RRTLX	+ 0.78	LBHIX
LBHIX	+ 0.77	MLHC

High negative correlations

VIASP	- 0.83	AQUI
SITKF	- 0.78	70082LAB3
SITKF	- 0.72	AQUI
70082LAB3	- 0.71	VIASP
AQUI	- 0.53	MLHC
LBHIX	- 0.46	AQUI

Risk-Adjusted Indicators

There is a big difference between Coca Stock performing well and Coca Cola Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Coca Cola's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TCHH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLHC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQUI	1.49	(0.78)	0.00	3.81	0.00	0.00	0.00	0.00	50.00
MSTSX	0.57	0.00	0.07	(0.08)	0.70	(0.59)	1.31	(1.20)	2.87
LBHIX	0.15	0.02	0.18	0.11	0.06	(0.29)	0.24	(0.24)	1.20
VIASP	0.51	0.12	0.23	0.72	0.52	(0.57)	1.09	(0.98)	2.87
RRTLX	0.29	0.00	0.12	(0.04)	0.34	(0.30)	0.57	(0.57)	1.65
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.24	(0.02)	0.00	(0.10)	0.00	0.00	1.99	(2.17)	19.18
SITKF	3.87	0.76	0.13	(1.28)	3.93	(6.12)	8.33	(5.26)	25.79

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC